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MHI Establishes Australian Subsidiary

Maritime Activity Reports, Inc.

September 30, 1999

Mitsubishi Heavy Industries (MHI) has established a wholly owned subsidiary, Mitsubishi Heavy Industries Australia Pty. Ltd., which will commence operations on October 1. Headquartered in Melbourne, Victoria, the new subsidiary will have its Air Conditioning & Refrigeration Department in Sydney. Shingo Ueda, who currently serves as chief representative of MHI's Australia Representative Office was appointed as managing director of the company, while Hirokazu Kanamori will become general manager of MHI's Air Conditioning & Refrigeration Department.

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